In many cases, no! The IRA incentives are designed to increase access to clean technology.
Lower Income Households
- 100% of appliance and installation costs are discounted at purchase
- Could install efficient electric appliances at no cost, with no spending
Middle Income Households
- Have to spend in order to access savings
- Up to 50% of appliance and installation costs can be covered through upfront discounts
- Can use tax credits to cover some of the remaining gap
Highest Income Households
- Are not eligible for upfront discounts
- Will have to pay full price for appliances and installation
- Tax credits on the back end could recoup around 30% of your costs